Australia's Cettire slumps on flagging direct risks from US tariffs

Cettire

23/04/2025 02:30

** Shares of Cettire Ltd CTT.AX fall 17.6% to A$0.54, their lowest since August 2, 2022

** The online retailer flags softening demand in the U.S., its largest market, and direct impact from tariffs on the sale of China-manufactured items into the U.S.

** Co separately posts 1% rise in sales revenue for Q3 of FY2025

** Stock posts biggest intraday percentage drop since February 3

** Stock down 64.2% YTD, including moves in current session

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com))